Pictet Asset Management Holding SA Boosts Holdings in The Trade Desk $TTD

Pictet Asset Management Holding SA raised its position in The Trade Desk (NASDAQ:TTD) by 29.3% in the 1st quarter, Holdings Channel reports. The firm owned 371,985 shares of the technology company’s stock after buying an additional 84,252 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Trade Desk were worth $8,437,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Trade Desk by 45.0% in the first quarter. Venturi Wealth Management LLC now owns 15,314 shares of the technology company’s stock worth $347,000 after purchasing an additional 4,752 shares during the period. Louisiana State Employees Retirement System bought a new stake in Trade Desk during the first quarter valued at $508,000. RFG Advisory LLC boosted its stake in Trade Desk by 58.0% during the first quarter. RFG Advisory LLC now owns 83,952 shares of the technology company’s stock valued at $1,905,000 after buying an additional 30,824 shares during the period. OP Asset Management Ltd purchased a new position in Trade Desk during the first quarter worth about $991,000. Finally, Assenagon Asset Management S.A. grew its position in Trade Desk by 941.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,219,046 shares of the technology company’s stock worth $73,040,000 after buying an additional 2,910,064 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TTD. Royal Bank Of Canada set a $33.00 target price on Trade Desk and gave the stock an “outperform” rating in a research note on Friday, May 8th. Guggenheim cut their price objective on Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. Jefferies Financial Group restated a “hold” rating on shares of Trade Desk in a research report on Tuesday, March 17th. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Finally, Needham & Company LLC dropped their target price on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.52.

Trade Desk Price Performance

Shares of TTD stock opened at $19.10 on Friday. The business has a 50-day moving average price of $20.76 and a two-hundred day moving average price of $26.13. The Trade Desk has a 12-month low of $16.98 and a 12-month high of $91.45. The firm has a market cap of $8.98 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, research analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is owned by insiders.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.